It all started when the Oregon-based sportswear giant decided that it would be a great idea to send the U.S. team out in pajama tops against Ecuador on Saturday. Today, Nike had to wake up to the news that arch rival Adidas got a bump in it's stock price. That, coupled with the fact that they'll probably never get Lionel Messi to sign a sponsorship deal with them, equals a bad week.
German Stocks Rise, Led by Adidas, DaimlerChrysler, Munich Re [Bloomberg]
Nike Loses Appeal as Court Confirms Messi's Switch to Adidas [Bloomberg]